[lbo-talk] 200K Jobs A Month? What About The 344K Promised Earlier?

Doug Henwood dhenwood at panix.com
Wed Oct 22 11:13:05 PDT 2003


Dwayne Monroe wrote:


>Monthly job creation of 200,000 and maintaining
>unemployment at its current level is far from a
>satisfactory economic performance.

The long-term average growth in U.S. employment is about 2% a year, which at present employment levels, would translate into 229,000 new jobs a month. So 200k would be 13% below that average. But coming after losses averaging 31,000 a month over the last year, it would seem pretty good. So W could spin it pretty positively if the gains were well into the six figures, even if they were below promises or averages.

Doug



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